Use of Internet service in a small town is high as people get ready to leave for work and after they arrive home at the end of the day. During the middle of the day, household use of this utility is very low. Increasing capacity seems like a bad idea because resources would sit idle during the time people are at work. The town council asks for your advice about the best way to solve the problem of quantity demanded during peak use hours. What advice would you give? Choose one: A. Increase the supply of Internet service during peak times. B. Decrease the supply of Internet service during peak times. C. Increase the price of Internet service during peak times.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Use of Internet service in a small town is high as people get ready to leave for work and after they arrive home at the end of the day. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If you receive a free ticket to a concert, what, if anything, is your opportunity cost of attending the concert? a. the pleasure yielded by the concert cancels any costs. thus, there is no cost of any type. b.
Answers (1)
The Victoria Fund, a child welfare fund, received $50,000 in cash in 2018. The donor requires the gift be held in perpetuity and that the income from investing this money may be used for its program of promoting adoption of young girls.
Answers (1)
What are some of the advantages and disadvantages with insurance?
Answers (1)
How do oligopolies and monopolies affect product choice and price?
Answers (1)
The law of demand refers to the a. increase in price that results from an increase in demand for a good of limited supply. b. inverse relationship between the price of a good and the quantity demanded. c.
Answers (1)
New Questions in Business
One of Simplex Company's products has a contribution margin of $44,000 and fixed costs totaling $54,000. If the product is dropped, $37,000 of the fixed costs will continue unchanged.
Answers (1)
When technology spillover occurs, a. those firms engaged in technology research should be taxed by the government. b. a firm's research yields technological knowledge that can then be used by society as a whole. c.
Answers (1)
Shot-term financial goals include saving for
Answers (1)
The current sections of Sandhill Co.'s balance sheets at December 31, 2021 and 2022, are presented here. Sandhill Co's net income for 2022 was $137,700. Depreciation expense was $24,300.
Answers (1)
Vincent Corporation has 92,000 share of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $118 a share on June 30.
Answers (1)